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Polymarket on the Verge of Raising $200M at $1B Valuation: Report
Peter Thiel’s Founders Fund leads the round, and the $200 million includes $50 million in previously unannounced funding.
Jun 24, 2025, 2:06 p.m.
What to know:
- Polymarket is nearing a $200 million funding round led by Founders Fund, valuing the platform at $1 billion, including $50 million in previously unannounced funding.
- The blockchain prediction market saw record traffic in May (15.9 million visits), surpassing FanDuel, DraftKings, and Betfair, with $8 billion in bets during the U.S. election cycle.
- Polymarket recently partnered with Elon Musk’s xAI as its official prediction market and is reportedly exploring a token launch.
Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, The Information reported, citing people familiar with the plan.
Peter Thiel’s Founders Fund is said to be leading the round, the report added. The $200 million figure includes $50 million that was raised in previously unannounced funding.
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According to SimilarWeb, Polymarket notched a record high in terms of website traffic in May with 15.9 million visits, more than rival betting markets FanDuel, DraftKings and Betfair.
Polymarket's continued rise comes after a U.S. election year that saw around $8 billion worth of bets placed on the platform. It was also widely cited during the election as a data source for predicting the outcome. According to a Dune data scientist, betting markets on Polymarket predict outcomes with up to 94% accuracy.
Earlier this month, Polymarket signed a deal with Elon Musk's xAI company, becoming the official prediction market partner for xAI and X.
Last September, a separate report by The Information claimed that Polymarket was looking into launching its own token.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Что нужно знать:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
Что нужно знать:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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